If financing, check with your credit union, check with your bank to get the lowest available quotes. Of course, car dealerships will make more money financing your car than if you paid cash. Some may not realize it, but there was actually a time when borrowing money was frowned upon. So, the advice here is to borrow money at less than 2 percent and invest in stock, bonds, or housing etc. Okay, this is not an investing blog, but it’s all about being cautious that you get the best, lowest rate available on a car loan.
On the other hand, millions of people simply don’t have the cash to spend, so financing is a viable option. Buy now, and hope to pay it off later. The only thing is your financial situation can change. There are a lot of people who lose their vehicle because they can’t keep up with the payments. That’s not a category you want to identify with because dinged credit is sure to follow.